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SAIC VW again crowned China’s champion PV maker by selling 2.065 million vehicles in 2018
SAIC VW again crowned China’s champion PV maker by selling 2.065 million vehicles in 2018

SAIC Volkswagen (SAIC VW) reported an annual sales volume of 2,065,077 vehicles in 2018, the fourth year in a row becoming the champion PV automaker in China. The yearly sales of VW brand and Skoda were around 1,713,000 units and 352,000 units.

Jan. 3 , 2019
Geely’s new energy business said to be independent brand as same as Lynk & Co
Geely’s new energy business said to be independent brand as same as Lynk & Co

Geely's new energy business entity reportedly becomes an independent brand as same as Lynk & Co and Geely brand in recent days to concentrate energy and resources on development of new energy vehicle business, according to local media.

Jan. 3 , 2019
Great Wall Motor sells part of assets to Honeycomb Energy at value of RMB212 million
Great Wall Motor sells part of assets to Honeycomb Energy at value of RMB212 million

Great Wall Motor (GWM) sells part of assets to Honeycomb Energy Technology Company Limited and Honeycomb Energy’s Baoding branch at respective values of RMB164 million and RMB47.7007 million.

Jan. 2 , 2019
Geely all-new SUV code-named SX12 highly resembles CONCEPT ICON
Geely all-new SUV code-named SX12 highly resembles CONCEPT ICON

A Chinese social platform exposed a series of spy shots of a Geely’s all-new SUV model code-named SX12. The new SUV to be positioned as a mid-sized SUV will be manufactured based on Geely’s latest BMA platform.

Dec. 29 , 2018
MIIT launches IoV industry development action plan
MIIT launches IoV industry development action plan

China’s MIIT issued the Internet of Vehicle (Intelligent-connected vehicle) Industrial Development Action Plan (hereinafter referred to as the Plan) on December 27 to further promote the sound growth of IoV industry.

Dec. 29 , 2018
China’s UCAR to provide guarantee over shareholder loan offered by Foton Motor to Borgward
China’s UCAR to provide guarantee over shareholder loan offered by Foton Motor to Borgward

Beiqi Foton Motor Co., Ltd. (Foton Motor) said on December 28 that it has found a transferee who is willing to take over 67% stake in Beijing Borgward Automobile Co., Ltd (Beijing Borgward) for a value of RMB3.973 billion.

Dec. 29 , 2018